Author: Anthony M. Orbison

Bitcoin (BTC) price has jumped by 4% in the last 24 hours to reach over $86,000 on March 20. At its intraday high, the cryptocurrency was trading for $87,470, signaling modest profit-taking among traders.BTC/USD four-hour price chart. Source: TradingViewTop catalysts that have driven Bitcoin prices higher today include:Bitcoin rises after Fed calms trade war bearsBitcoin rose as the Federal Reserve signaled it still expects to cut interest rates twice later this year, easing investor concerns over prolonged monetary tightening.Key takeaways from the Federal Open Market Committee’s meeting on March 19:The Fed kept its benchmark rate on hold while acknowledging that…

Bitcoin is unlikely to revisit the $77,000 price level anytime soon after the Fed signaled a slowdown in quantitative tightening (QT), says BitMEX co-founder Arthur Hayes.On March 10, Bitcoin (BTC) dipped near the $77,000 level for the first time since November, according to CoinMarketCap data.“Was BTC $77k the bottom, prob,” Hayes said in a March 20 X post after declaring that QT is “basically over” following the Fed’s March 19 announcement that starting in April, it will slow its securities sell-off by reducing the monthly Treasury cap from $25 billion to $5 billion. Bitcoin is up 3.53% over the past seven…

A crypto trader warns that going heavy on leverage before the monthly United States interest rate decision is a surefire way to lose money in crypto trading. After the Federal Reserve’s statement confirmed the US central bank intends to leave interest rates unchanged in its target range between 4.25% to 4.5%, Bitcoin’s price barely moved, as the market had already widely expected no change in the interest rate. However, after Fed chair Jerome Powell said the probability of a recession is “not high,” despite independent economists raising the odds of one, the overall crypto market saw an upswing, leaving traders betting…

BlackRock’s head of digital assets, Robbie Mitchnick, says that Bitcoin will most likely thrive in a recessionary macro environment, contrary to what some analysts may think. “I don’t know if we’ll have a recession or not, but a recession would be a big catalyst for Bitcoin,” Mitchnick said in a March 19 interview with Yahoo Finance.Mitchnick said Bitcoin (BTC) is catalyzed by increased fiscal spending, deficit accumulation, lower interest rates and monetary stimulus — all of which tend to happen in recessions.“And it’s catalyzed to some extent over fears of general social disorder,” Mitchnick pointed out. “And that too, unfortunately,…

Data center infrastructure provider Hive Digital is doubling down on its long-term Bitcoin treasury strategy and is using the recent market sell-off to expand its mining capacity and acquisition targets, signaling a growing shift among public miners to retain their mined assets. In an interview with Cointelegraph, Hive Digital’s chief financial officer, Darcy Daubaras, said the company remains focused on “retaining a significant portion of its mined Bitcoin to benefit from potential price appreciation.” This requires an active approach to treasury management to optimize liquidity in the face of steep market corrections, such as Bitcoin’s (BTC) recent 30% drop. However, a long-term…

United States President Donald Trump will reportedly speak at Blockworks’ Digital Asset Summit in New York on March 20, Blockworks said. His speech will mark the first time a sitting US president has ever spoken at a cryptocurrency conference, Blockworks said in a March 19 announcement.Trump’s presence at the event underscores his embrace of an industry that, under former US president Joe Biden, was the target of more than 100 enforcement actions by federal regulators.“When we started Blockworks we could barely get someone from a bank to attend an event,” Jason Yanowitz, one of Blockworks co-founders, said in a March 19…

President Donald Trump is expected to deliver a speech tomorrow via a recording at Blockworks’ Digital Asset Summit (DAS) in New York City. This will be the first time a sitting U.S. president has addressed a Bitcoin and crypto conference, highlighting the growing influence of digital assets in mainstream financial policy. Trump has previously engaged with the Bitcoin community, having spoken in person at the world’s largest Bitcoin conference in Nashville last summer while on the campaign trail. His return to the stage now as president further highlights the continued support from the U.S. government on Bitcoin. Trump’s upcoming address…

Bitcoin’s corrective phase set a four-month low at $76,600 on March 11. Despite this decline, long-term holders have continued to hold large amounts of BTC, suggesting a “unique market dynamic moving forward,” new research says. “Long-Term Holder activity remains largely subdued, with a notable decline in their sell-side pressure,” Glassnode said in a March 18 markets report.Long-term holders show signs of bullishnessBitcoin’s recovery comes as selling pressure among Long-Term Holders (LTHs) — wallets that have held Bitcoin for at least 155 days — begins to wane. The Binary Spending Indicator, a metric used to determine when LTHs are spending a significant…

Bitcoin’s cultural footprint has evolved significantly, from peer-to-peer currency to a canvas for artistic and community expression through Ordinals. Now, Blockware, a pioneer known for introducing mining-as-a-service to North America, is bridging two foundational aspects of the Bitcoin ecosystem—mining infrastructure and digital collectibles—through a unique model of community-driven participation and reward distribution. Blockware, having mined over 15,000 BTC, deployed more than 500 MW of energy, and distributed over 400,000 mining servers, is leveraging its scale and expertise to introduce an innovative concept: integrating Bitcoin mining rewards with Ordinals to foster community engagement. This approach transcends typical digital art collections, positioning…

Bank of Korea rejects Bitcoin as a reserve asset, and is also emphasizing extreme caution due to crypto market volatility. The South Korean Central Bank recently addressed an inquiry from Democratic Party lawmaker Cha Gyu-geun about whether the country would possibly, at some point, create a Bitcoin stockpile similar to the US plan that has been making news lately in financial circles.Also Read: CoinEx Listing Pi Coin: What’s Next After 19.3% Price Drop?Why the Bank of Korea Sees Bitcoin as Too Risky for ReservesSource: The Crypto TimesVolatility Makes Bitcoin UnsuitableThe Bank of Korea rejects Bitcoin mainly due to its price…